Last night, PRO News reminded that the main players of ETH are hanging up and buying $94.01 million near the current price, mainly betting $1860~$1850, and forming a key defense line with the 45 minute EMA89.
As a result, ETH first fell below EMA89 and then broke through the buy and sell zone. PRO data shows that during this period, active selling continued to dominate, with a decrease in holdings and an increase in LSUR, indicating a concentration of funds reducing positions and a failure to convert buy orders into sustained buying power.
Next, let's focus on:
-Can ETH rebound to $1850~$1860, and will active buying be synchronized and strengthened;
-If the rebound is still suppressed by selling, attention should be paid to the new buying and receiving areas of the main force below.
The value of a major order is not just about seeing where the order is hanging, but tracking whether it is ultimately cancelled, sold and consumed, or successfully holding the price.
Open PRO and see the final result of a large order clearly. Don't mistake 'buying' for 'supporting'.
The data is for reference only and does not constitute any investment advice.
